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president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a ta
president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on...
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Dec 10, 2012
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even so, the president extended the invitation to boehner friday after boehner, for the first time in a press conference, publicly at least hinted he might be open to raising the top income tax rates on the top 2% of american household income earners. that may have cleared an opening for the president and boehner if that did, in fact, happen, we'll know in the very near future. for "cbs this morning," major garrett, the white house. >> major garrett, thanks. early this morning we heard general electric chairman and ceo jeff immelt call on speaker boehner to, quote, take the heat and get republicans to support a compromise on the fiscal cliff. immelt knows about something about taking the heat. in our interview friday, he spoke at length about the consequences of not making a deal. and for those who say we can go over the fiscal cliff and it might not be such a bad thing, you say? >> i say there are people that don't have anybody that works for them. you know, in other words, we haven't been on this for two weeks or two days or two months. we've been working on this for 2 1/2 years. wh
even so, the president extended the invitation to boehner friday after boehner, for the first time in a press conference, publicly at least hinted he might be open to raising the top income tax rates on the top 2% of american household income earners. that may have cleared an opening for the president and boehner if that did, in fact, happen, we'll know in the very near future. for "cbs this morning," major garrett, the white house. >> major garrett, thanks. early this morning...
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president obama one-on-one with speaker boehner. major garrett has new details on fiscal cliff negotiations. >>> plus ceo of general electric jeff immelt tells us why both sides need to act now. >>> it's a mess in parts of the midwest this morning. an early storm drops morha
president obama one-on-one with speaker boehner. major garrett has new details on fiscal cliff negotiations. >>> plus ceo of general electric jeff immelt tells us why both sides need to act now. >>> it's a mess in parts of the midwest this morning. an early storm drops morha
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Dec 10, 2012
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president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new survey shows pay for private college presidents continues the upward climb. they studied data from 2010 and median compensation rose to $400,000. that is up nearly 3 personality. that's a -- percent. that's a pretty good paying job there. very lucrative. >> cbsmoneywatch.com, thank you. >>> a heavy storm is pummeling the upper midwest. 15 inches of snow dumped on the twin city in minnesota. crews are cranking up the late to melty snow -- melt snow on the roof. it dumped 17 inches of snow on the roof
president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the...
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Dec 5, 2012
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the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from plum house committee assignments writing, come on now, gop. don't go wobbly on us. congressman jim jordan, an influential group of conservatives criticized the boehner plan. >> the problem i have with the republican proposal, frankly, is that it does raise taxes. the thing we need is economic growth. you're not going to grow the economy, put in place a framework conducive to job creation if you're raising ta s taxes. >> oklahoma senator tom coburn said conservative criticis
the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former...
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Dec 11, 2012
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ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of entitlement. unreasonable? you bet. on top of it boehner is on attack for being a weak negotiator from the right. he is not a weak negotiator. he has a weak hand. >>> kelly wright is live in washington. hi, kelly. >> good morning to you ainsley. someone would hope so. three weeks from now americans will be celebrating a brand new year but it may be a year unof uncertainty if the white house fail to take action to avert the fiscal crisis or the cliff. president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that
ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of...
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Dec 10, 2012
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boehner. no details are announced tonight. some see as good news. the co-creator of a debt reduces plan sees progress. >> any time you two guys in that tangoing, you have a change to get done. >> reporter: before the talk, some republicans were admitting the president will get a lot of what he wants. >> let's face it, he has the upper hand on taxes. you have to pass something to keep that from happening. >> reporter: why the compromising words? the white house moderated some demands. the president say s tax rates fr the wealthy have to rise but now word that the actual rate could be negotiable. maybe not all the way back to 39.6%. >> will i accept a tax increase as a deal to solve problems? yes. >> reporter: those problem, according to republican, entitlement. and today, a leading democrat embraced the way to cut medicare cuts. means testing. those who make more would have to pay more for medicare. >> those of us with higher income in retirement should pay more. that could be part of a solution. >> reporter: the speaker feeling the heat from his rig
boehner. no details are announced tonight. some see as good news. the co-creator of a debt reduces plan sees progress. >> any time you two guys in that tangoing, you have a change to get done. >> reporter: before the talk, some republicans were admitting the president will get a lot of what he wants. >> let's face it, he has the upper hand on taxes. you have to pass something to keep that from happening. >> reporter: why the compromising words? the white house moderated...
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you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate increases we should do something. maybe they won't go up to 39.6, but they'll go above 36, maybe 37 and in return there will be some entitlement tradeoffs and what that means is changing the cost of living calculator for social security, raising the medicare age, not for current recipients but future recipients and i think senator durbin, the no. 2 person in the democratic party, said look, if we don't reach this and we go to the fiscal cliff, the republicans will own it. maybe the republicans started to believe that. >> i was going say why the capitulation now on the republicans side? >> that's a great word. they wouldn't like you to say the word capitulation. they
you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate increases we should do something. maybe they won't go up to 39.6, but they'll go above 36,...
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why am i putting all this on poor john boehner? a congressman from ohio, from a working family himself. because it's within his power to call before the house of representatives a measure that passed the united states senate last july. we passed on a bipartisan vote a measure to protect all families making less than $250,000 a year from any income tax increase on december 31. sent it over to the house of representatives. in july, and speaker boehner has refused to call this measure that would protect working families, and as a result, if he does nothing, their tax bill will go up $2,200 next year. how do you explain that? it's not only unfair to those families who are working and struggling, it's really not a good thing for this country. all of us know the issue of income and equality, how many working families are falling further and further behind every single year debt ceiling -- every single year despite their best efforts, despite their hard work. we also know many families are looking ahead and wondering how in the world are
why am i putting all this on poor john boehner? a congressman from ohio, from a working family himself. because it's within his power to call before the house of representatives a measure that passed the united states senate last july. we passed on a bipartisan vote a measure to protect all families making less than $250,000 a year from any income tax increase on december 31. sent it over to the house of representatives. in july, and speaker boehner has refused to call this measure that would...
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Dec 9, 2012
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how is john boehner performing as fiscal cliff negotiator. there's a petition drive demanding the president and lawmakers resolve the crisis or else. you are watching weekends with alex witt. wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be p
how is john boehner performing as fiscal cliff negotiator. there's a petition drive demanding the president and lawmakers resolve the crisis or else. you are watching weekends with alex witt. wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. well, having a ton of locations doesn't hurt. and a santa to...
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we're going to find out what the president and house speaker boehner are saying after a face-to-face meeting over the fiscal cliff. >>> also this half hour, hopes and prayers for nelson mandela. the human rights hero is in a south africa hospital this morning. >>> also coming up, new hope in the fight against alzheimer's disease, experimental surgery to implant a kind of pacemaker for the brain is showing early success. >> an interesting one. >> yes. >>> later, daytime smack down, wendy williams lets loose with some harsh words about beyonce. what the talk show host is saying about the singer coming up in "the skinny." >> that's never going to go well. talking badly about beyonce. a bad move. >> going after beyonce is a tough one. >>> new signs of progress in efforts to avoid the fiscal cliff after a closed door meeting at the white house. >> more republicans are coming forward to say that the richest americans should pay more in taxes. here is abc's david kerley. >> reporter: for the first time in more than three weeks, a face-to-face meeting at the white house, but no cameras as th
we're going to find out what the president and house speaker boehner are saying after a face-to-face meeting over the fiscal cliff. >>> also this half hour, hopes and prayers for nelson mandela. the human rights hero is in a south africa hospital this morning. >>> also coming up, new hope in the fight against alzheimer's disease, experimental surgery to implant a kind of pacemaker for the brain is showing early success. >> an interesting one. >> yes. >>>...
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>> what's changed from the last debacle speaker boehner has more room within his own ranks. the republicans have done away with the feeling they have to oppose the president because the election is coming and they want to deny him a big victory. there's more room to let the taxes go up if he can get a bigger return on cutting medicare. that's what conservatives want, they come out publicly on "morning joe" saying that we should do that to get a bigger deal, that's part of what's going into the negotiations. the question is whether the president is willing to give up on that. lot of liberals don't want to give too much in the way of medicare cuts. >> one of speaker boehner's guiding principles, being for republicans and conservatives at large raising taxes is not good for the economy. how does speaker boehner go back to his caucus and say i got a good deal even though we did raise taxes on the top earners? >> it come backs to saying what we've been able to do is deal with the spending problem in a dramatic way, deal with entitlement cuts in a dramatic way and lay a framework
>> what's changed from the last debacle speaker boehner has more room within his own ranks. the republicans have done away with the feeling they have to oppose the president because the election is coming and they want to deny him a big victory. there's more room to let the taxes go up if he can get a bigger return on cutting medicare. that's what conservatives want, they come out publicly on "morning joe" saying that we should do that to get a bigger deal, that's part of what's...
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. >> reporter: saturday light live sub jested that republican ras bullying boehner in the cafeteria. >> he didn't have any milk to drink because -- well, tell them why, john. >> they had taken my milk and thrown it in the garbage doctor they make any progress at the white house? both sides very tight lipped. in fact, they released the same statement world for word, very quiet. david? >> thank yo >>> wall street also watching as both sides inch to the fiscal cliff. not only are your taxes in the balance so are the 401ks. and today, ood holiday bonus, gas prices. we bring in bianna golodryga. you look at gas prices. write on pace to set a record. >> the average american household is expected to spend $4,000 a year on gasoline alone. and gas at 3.93 a gallon and today, take a look at this, $3.35 and by miscase time, estimates we will see 3.20. a lot has to do with post sandy. the supply is back up and the hope is that consumers will take the money and spend it shopping. >> that is the hope. and jobs number, better than expected. unemployment now to 7.7%. and bianna, people watching toni
. >> reporter: saturday light live sub jested that republican ras bullying boehner in the cafeteria. >> he didn't have any milk to drink because -- well, tell them why, john. >> they had taken my milk and thrown it in the garbage doctor they make any progress at the white house? both sides very tight lipped. in fact, they released the same statement world for word, very quiet. david? >> thank yo >>> wall street also watching as both sides inch to the fiscal...
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Dec 10, 2012
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CNN
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john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call. >>> top secret rescue mission. an american saved in afghanistan but at a heavy price. >> look who's talking. president obama and john boehner finally get together a little more than three weeks before we hit the fiscal cliff. good morning, everyone. welcome to "early start." i'm john berman. >> it's so night to you have back, john. it's 6:00 a.m. in the east. let's get started. the two men who stand between all of us and the fiscal cliff are finally speaking face-to-face. president obama and house speaker john boehner actually looked into each other's eyes yesterday and they talk
john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call....
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if boehner can get his people, can you get your people? >> we doe known what is in agreement right now but those two particular items create significant concerns within most of the democratic caucus for policy reasons. on the medicare age piece, we think there are far better ways to reduce medicare costs. we think we should build on the model of the affordable care act which reduces costs overall in the melt care system, not simply transfer rising health care costs on the backs of seniors. there are some provisions in the president's proposals that do it the way i suggest. i would point out, if you look at the president's budget proposal over the next 10 years it has more in the way of medicare savings than the ryan republican budget that passed the house and the senate had over the next 10 years. when the republican colleagues put these big numbers on the table just remember, the president's budget proposal, again, over the next 10 year, the one that was adopted before has more medicare savings. he does it in a different way than republic
if boehner can get his people, can you get your people? >> we doe known what is in agreement right now but those two particular items create significant concerns within most of the democratic caucus for policy reasons. on the medicare age piece, we think there are far better ways to reduce medicare costs. we think we should build on the model of the affordable care act which reduces costs overall in the melt care system, not simply transfer rising health care costs on the backs of...
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Dec 9, 2012
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can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i think one of the decisions the speaker will have to make is whether he is prepared to put a agreement on the floor of the house that might not have a majority of the republicans in the house in support. that is one of the questions. senator corker points out that there are a number of ways you can get to a yes on this, but it is not clear if there is a way to get to yes that necessarily brings a majority of house republicans. not that we cannot get a majority vote in the house, that they apply the so called hastert rule, that you have to have
can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that...
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yesterday the president and house speaker john boehner met at the white house for a round of intense negotiations. there are new signs republicans are willing to go along with the president on hypertaxigher taxee wealthy. >> we have spent ourselves into a hole. will i accept a tax increase as part of a deal to actually solve our problem, yes. >> senator coburn says in return, republicans would get significant reform of entitlement programs. >> at least the two are sort of together, speaking, without cameras around. >> right. >> so they can get work done. >> the difference between the last meeting, they're not coming out and sort of saying, well, they're not budging. they're not budging. they sort of cam out and said we are not going to talk about it. a good sign too. >> i hope so. sort of riff di >>> tension is building in egypt. morsi ordered the military to keep the peace. thousand gathered outside the presidential palace for the fifth straight night. calling for a boycott to undermine the vote. morsi tried to appease his opposition. opposition leaders still say the draft constitut
yesterday the president and house speaker john boehner met at the white house for a round of intense negotiations. there are new signs republicans are willing to go along with the president on hypertaxigher taxee wealthy. >> we have spent ourselves into a hole. will i accept a tax increase as part of a deal to actually solve our problem, yes. >> senator coburn says in return, republicans would get significant reform of entitlement programs. >> at least the two are sort of...
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yesterday, president obama met with house speaker john boehner at the white house to discuss how to resolve the fiscal cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication manslaughter. brent and brown formed a lasting friendship when they played together at the university of illinois. back in 2-thousand-9, brent also served a 60 day sentence for a d-u-i in champaign. investigators are looking into the cause of a plane crash that killed a mexican-american singer in northern mexico. jenni riv
yesterday, president obama met with house speaker john boehner at the white house to discuss how to resolve the fiscal cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the...
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jon: to the fiscal cliffhanger on capitol hill as the president and house speaker boehner say they're keeping open the lines of communication one day after meeting to discuss the ongoing negotiations aimed at stopping the combination of automatic tax increases and spending cuts set to kick in less than four weeks from now. chief congressional correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is hard to tell we know the president and the speaker of the house met privately yesterday and as we mentioned both sides say the lines of communication are open but they are not giving out any details of what was discussed or any readout of the meeting. that may be a good sign. the previous meeting was on camera. this one face-to-face privately at the white house and so perhaps they had a chance to roll up their sleeves and get into some of the tough details in terms of finding a deal on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the
jon: to the fiscal cliffhanger on capitol hill as the president and house speaker boehner say they're keeping open the lines of communication one day after meeting to discuss the ongoing negotiations aimed at stopping the combination of automatic tax increases and spending cuts set to kick in less than four weeks from now. chief congressional correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is...
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he met behind closed doors with house speaker john boehner at the white house this afternoon. no word yet on what came out of those talks, but an increasing number of congressional republicans are indicating they'll accept a tax -- >> we have spent all this time talking about revenue, but as we watched our government continue to spend more. this is really about spending. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> across the board tax hikes and spending cuts will automatically kick in if the white house and congress continueeach a deal now in 22 days. >>> dallas cowboys player remains behind bars tonight after a deadly crash that killed a teammate. defensive lineman josh brent is being held on half a million dollars bond. his lawyer called that excessive. police say brent was driving drunk when he crashed his car in the dallas suburb of irving yesterday. tem me teammate jerry brown died in the crash. a moment of silence was held for brown before today's game. >>> coming up on news4 at 6:00, don't know exactly what you're looking
he met behind closed doors with house speaker john boehner at the white house this afternoon. no word yet on what came out of those talks, but an increasing number of congressional republicans are indicating they'll accept a tax -- >> we have spent all this time talking about revenue, but as we watched our government continue to spend more. this is really about spending. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> across the...
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sometimes it might just be president obama and john boehner. host: that's what we have now. now, bernie, a democratic caller. caller: i receive disability, social security disability. i was wondering how much of a cut would they be taking? i really depends on it. guest: i don't think it would be cut under sequestration. in the long term there is and what might come out of this budget deal is a commission to review social security. it is true that social security disability program has a backlog of reviews by an administrative judge is right now. so there's a little concerned that some undeserving people are getting the payments. so that is something that will be examined over the next couple years. i don't think your benefits will be cut next year due to sequestration. host: tomorrow we will focus on social security and some different proposals for addressing that and the overall fiscal cliff tops. another tweet -- is that possible? guest: congress always waits till the last minute and they often kick the can down the road. but for the last couple years everything was waitin
sometimes it might just be president obama and john boehner. host: that's what we have now. now, bernie, a democratic caller. caller: i receive disability, social security disability. i was wondering how much of a cut would they be taking? i really depends on it. guest: i don't think it would be cut under sequestration. in the long term there is and what might come out of this budget deal is a commission to review social security. it is true that social security disability program has a backlog...
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the essence of it that secretary geithner, the secretary of the treasury, met with i guess speaker boehner and this is an outline of the president's deficit reduction plan. this is what they are proposing to do. it started off a few weeks ago at $1.6 trillion in new taxes, now we're talking about $1.4 trillion, i understand. that's the latest iteration of the tax increases. 1,400 billion dollars in tax increases. well, where will that money go? and will it change the debt course of america? will it put us on a sound path? can we go home at night and say wow, i'm glad they finally got their act together and put this business on the road? well, let's examine what they're proposing. they're proposing to spend above the b.c.a., the budget control act limits that i just talked about. they have certain limits, includes the sequester. those limits are in law. the law will have to be changed and if a president propose to change the law, and to eliminate 12 hundreds billion cuts. that's 60% of the cuts that were agreed to when we raised the debt ceiling $2.1 trillion. wipe out 60% of them, just lik
the essence of it that secretary geithner, the secretary of the treasury, met with i guess speaker boehner and this is an outline of the president's deficit reduction plan. this is what they are proposing to do. it started off a few weeks ago at $1.6 trillion in new taxes, now we're talking about $1.4 trillion, i understand. that's the latest iteration of the tax increases. 1,400 billion dollars in tax increases. well, where will that money go? and will it change the debt course of america?...
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Dec 10, 2012
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after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales. we've also seen jobs numbers that are up. and today, fedex is expecting its busiest day ever. shipping about 19 million pa packages. that is about 20 packages per second. and loads of jet fuel. christine romans joining me now with more. those sound like great indicators. you're the trend lady. do the trends look like they're going to continue despite this horror show of the fiscal cliff? >> there's a bunch of things going for consumers. you named some, but you've also got the stock market. job growth. rising home values. you've been seeing home values tick up slowly, but surely over the last few m
after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales....
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the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
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Dec 10, 2012
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he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out the details of the conversation, but the lines of communication remain open. dan lothian is at the white house. how telling is it that the statements were identical from both the president and speaker boehner? >> it shows that both sides agree on something and that is that they're not going to continue to have this debate play out in front of the cameras, harsh rhetoric going back and forth. but instead, will do it in private and i think that's very telling. certainly, we don't know what happened in that meeting because neither side getting any details. perhaps they did have a breakthrough
he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out...
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Dec 8, 2012
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boehner, let them go. let president obama, let him have two recessions on two terms, that's the only way that they'll cut a time of spending if they're forced to do it. >> you mentioned the number, 5-8 billion dollars, new congress militia numbers out. 4.8 billion dollars a day so far, now, this is for not this year, this is for fiscal year 2013 which began in october. carney, the white house press spokesperson says a number of things about this, take a listen. >> the debt reduction in and of itself is not the goal here. the reason to get our fiscal house in order and the reason to pass a deficit reduction package that's balanced and allows for economic growth and job creation is to put our economy on a sustainable fiscal path. which again, in itself produces positive economic benefits and growth and jobs. >> eric: that's ridiculous, what that man just said, the reason for the discussions is not to cut the deficit, it's to put our economy on a path to fiscal growth and create jobs. the only way to do it is
boehner, let them go. let president obama, let him have two recessions on two terms, that's the only way that they'll cut a time of spending if they're forced to do it. >> you mentioned the number, 5-8 billion dollars, new congress militia numbers out. 4.8 billion dollars a day so far, now, this is for not this year, this is for fiscal year 2013 which began in october. carney, the white house press spokesperson says a number of things about this, take a listen. >> the debt reduction...
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Dec 10, 2012
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doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby
doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president....
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it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing number of republicans right now which is maybe they should give in on raising taxes on the rich in order to fight it out and try to get more leverage in terms of spending cuts. take a listen. >> once you give him the rate on the top 2%, it's actually a much lesser tax increase than what's he's been talking about. the focus then shifts to entitlements. >> reporter: now, the key, though, as we've all been talking about this end of the year deadline, december 31st, but in fact, when you talk to leaders in both parties, they realize the real deadline is probably the end of this week in terms of at least getting a framework of a deal so that then both the house expht senat and e can work on the details and pass this thing. they've got to get moving now, thi
it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing number of republicans right now which is maybe they should give in on raising taxes on the rich in order to fight it out and try to get...
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Dec 11, 2012
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boehner, for five minutes. the speaker: mr. speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff, erskine bowles. and as mr. bowles himself said on sunday, we have to cut spending. well, he's right. washington has a spending problem. let's be honest. we're broke. and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. it was cordial. we're still waiting for the white house to see what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process the closer our economy gets fought fiscal cliff. -- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit withou
boehner, for five minutes. the speaker: mr. speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff, erskine bowles. and as mr. bowles himself said on sunday, we have to cut spending. well, he's right. washington has a spending problem. let's be honest. we're broke. and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of...
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Dec 10, 2012
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president obama and house speaker boehner sat down at the white house. no details on the meeting. >> and a big little storm is causing havoc across the midwest and into michigan. it's making a big mess. let's get you to the next story now. also, secretary of state hillary clinton is delaying an overseas trip. she will be delayed by just a day. >>> gas prices have dropped ten cents in the last two weeks. the average price of regular is $3.38 a gallon. finally, getting back to the big winter storm wreaking havoc, it's the heaviest snowfall this season. minnesota police say that it's caused 300 car accidents in 24 hour. that is the news. let's get you back to your program. >>> for more than 200 inmates at the anamosa state penitentiary in iowa, there is one thing for certain, decades from now they will be exactly where they are today. behind bars. you're about to meet some of these lifers, men who have had to accept a harsh reality that a life in prison is the only life they'll ever have. on a hill overlooking anamosa is a small cemetery. it's a quiet, deso
president obama and house speaker boehner sat down at the white house. no details on the meeting. >> and a big little storm is causing havoc across the midwest and into michigan. it's making a big mess. let's get you to the next story now. also, secretary of state hillary clinton is delaying an overseas trip. she will be delayed by just a day. >>> gas prices have dropped ten cents in the last two weeks. the average price of regular is $3.38 a gallon. finally, getting back to the...
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. >> reporter: president barack obama and house speaker john boehner had not met to negotiate for weeks. now of course both sides are private about their conversation but still no deal, they have 21 days to reach an agreement or the country goes over the fiscal cliff even if they come up with an international monetary fun, an agreement is imminent. >> it prevents investors, entrepreneurs and households to make decisions because they don't know what tomorrow will be. >> president barack obama heads to washington to push for the democrats' plan but democrats have quite a bit of leverage, allison bops ktvu channel 2 morning news. >>> north korea is extending it by another week at least until december 29th. scientists found a technical deficiency in that rocket. now the u.s. thinks they are using launches like that to test missiles that could be used to hit the u.s. mainland but north korea said they are only using it to put a satellite into orbit. >>> he is undergoing tests and officials have not said why he is not seeking treatment consistent with his age. he spend years in prison for fig
. >> reporter: president barack obama and house speaker john boehner had not met to negotiate for weeks. now of course both sides are private about their conversation but still no deal, they have 21 days to reach an agreement or the country goes over the fiscal cliff even if they come up with an international monetary fun, an agreement is imminent. >> it prevents investors, entrepreneurs and households to make decisions because they don't know what tomorrow will be. >>...
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Dec 5, 2012
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the president, john boehner, could be getting set to talk again later this week. what advice would you give them on taxes? >> these are very minor issues, in terms of total revenue derived. but they are very significant to members. if you were to tell the bulk of the democratic caucus in the house that we were going to do something draconian to the inheritance tax, that could cost you a lot of votes. this is a carefully crafted a balanced package the house to emerge. all these issues need to be tested. a little focus group on the conference side. these can be symbolically important. they can blow the opportunity to do something broadbased and fundamental. do we end up with something close to balsams and because of that point? >> we would be better off if speaker boehner and the president did not publicly change their offers. hopefully, they are going to have to compromise. the more times you commit yourself in public, the harder it is to make the compromise. >> we will go around the former members of congress. do they cut a deal to avoid the fiscal cliff before we
the president, john boehner, could be getting set to talk again later this week. what advice would you give them on taxes? >> these are very minor issues, in terms of total revenue derived. but they are very significant to members. if you were to tell the bulk of the democratic caucus in the house that we were going to do something draconian to the inheritance tax, that could cost you a lot of votes. this is a carefully crafted a balanced package the house to emerge. all these issues need...
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followed by a news conference with john boehner. several live events to tell you about tomorrow morning. talking about housing issues and the agency's budget. here on c-span at 10:00 eastern. on c-span two, 9:00 a.m. eastern, a news briefing at the pentagon. also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated care. all of these have some in the cracks that they are as harmful as the disease is treated. you have to ask, are we hurting people overall on a global level that's what are we doing sometimes? now we have got the report saying 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the procedures, this is something i think which is, for the first time, really being called out as a problem. >> the function -- dysfunction. the latest is, unaccountable, saturday night at 10:00 eastern
followed by a news conference with john boehner. several live events to tell you about tomorrow morning. talking about housing issues and the agency's budget. here on c-span at 10:00 eastern. on c-span two, 9:00 a.m. eastern, a news briefing at the pentagon. also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated...
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a spokesperson for boehner says today, quote: discussions with the white house are taking place, but we have no detail to share about the substance of these conversations. he adds that republicans are waiting on specific spending cut proposals from the president to get a deal on the fiscal cliff. but a few republicans now say that maybe the best strategy for them is to accept some higher tax rate that is the president is demanding, get that off the table and then come back to entitlement reform early next year when the president asks for an increase in the debt ceiling. then republicans will have a little more leverage. >> there's a hardening on the republican side. we're not going to raise the debt ceiling. we're not going to let obama borrow any more money or any american congress borrow any more money until we fix this country from becoming greece, and that requires significant entitlement reform. >> reporter: for the record, senator graham is not one of those who favors increasing tax rates on the wealthy. he favors more revenue from them by capping deductions. cheryl and dennis.
a spokesperson for boehner says today, quote: discussions with the white house are taking place, but we have no detail to share about the substance of these conversations. he adds that republicans are waiting on specific spending cut proposals from the president to get a deal on the fiscal cliff. but a few republicans now say that maybe the best strategy for them is to accept some higher tax rate that is the president is demanding, get that off the table and then come back to entitlement reform...
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boehner met face-to-face yesterday. if you read the "washington post" and "wall street journal," they say it sounds like mr. boehner will cave perhaps on tax rate increases. they've got to come up with revenue. but maybe up the rate. what do you think on that? >> i think it would be a mistake right now. i think it has to be a comprehensive plan, totally complete and final and you should do it once. you know what the republicans do have is they have debt ceiling coming up in a month. that's going to be brutal. that's a tremendous chip. they should make everything, do everything now and get the country back on gear because the country is really missing. the unemployment report was not good. the real report was not good. and we're not getting there. you look at other china, they're again moving. they thought it was going to have a recession. and it's not only not a recession, it turned out that they were mistaking. it was misleading information. so they're booming. you look at what's happening to us. they really have to ma
boehner met face-to-face yesterday. if you read the "washington post" and "wall street journal," they say it sounds like mr. boehner will cave perhaps on tax rate increases. they've got to come up with revenue. but maybe up the rate. what do you think on that? >> i think it would be a mistake right now. i think it has to be a comprehensive plan, totally complete and final and you should do it once. you know what the republicans do have is they have debt ceiling coming...
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president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet
president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax...
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Dec 6, 2012
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speaker boehner is saying all right, mr. president, you won the election, you want more taxes, we're willing to do that. we don't want to do it, we think it will hurt the economy, but we're willing to do it. but to minimize the damage on the economy, at least do it through eliminating these loopholes, these so-called deductions and credits and special provisions. don't try to do it by raising tax rates because that directly hits the small business that you're trying to help create jobs right now. here is what small businesses care about. like i said, you have a dad and his two sons. maybe mom does the accounting for the firm and so on. they have to be concerned about the estate tax. the small businesses spend a lot of money trying to plan around paying the estate tax. on january 1 if we don't do anything, there is only a million dollars exempted. if you have a small business with a bunch of trucks and equipment and like, you're going to have far more than a million dollars in assets in the business. same thing for a farm. an
speaker boehner is saying all right, mr. president, you won the election, you want more taxes, we're willing to do that. we don't want to do it, we think it will hurt the economy, but we're willing to do it. but to minimize the damage on the economy, at least do it through eliminating these loopholes, these so-called deductions and credits and special provisions. don't try to do it by raising tax rates because that directly hits the small business that you're trying to help create jobs right...
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earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has go
earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and an indefinite increase in the debt limit...
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boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over marked up to the senate and point being there is a lot of hoop to jump through. you know. rudy guiliani is on hannity last night. he was approached with the same sort of problem in new york city . listen to how he handled it >> i was given a report that said you have to raise taxes and said nothing about reducing spending. i was not an economic expert. i became one after becoming mayor in new york. i said it makes no sense. if i raises tax now. i will have to do it in two or four
boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they...
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. >> speaker boehner is being -- by both the left and right, as a former speaker what do you think is the risk for him to bring a bill president obama will sign on to, do you think he should be willing to risk his speakership? >> that's what we take the job to do, to risk it for something, not to just sit in the office. let me say this, you may recall, maybe you don't but some of you will recall. in 2006, ewe won the election, sworn in as new congress, president of the united states is george w. bush. the emotion in the election was about ending the war in iraq. ending the war in iraq. do you remember that? and people thought that when the people had spoken that something would happen to that effect. we came back here, there were two issues in the election, well, three, one was stopping the privatization of social security, but we did that sort of early on, so that wasn't the emotional piece of it. the other was ending the culture of corruption that existed under the republicans here but the main emotional -- people in the streets, by the tens of thousands, you remember that, i rememb
. >> speaker boehner is being -- by both the left and right, as a former speaker what do you think is the risk for him to bring a bill president obama will sign on to, do you think he should be willing to risk his speakership? >> that's what we take the job to do, to risk it for something, not to just sit in the office. let me say this, you may recall, maybe you don't but some of you will recall. in 2006, ewe won the election, sworn in as new congress, president of the united states...
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Dec 9, 2012
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>> i think there's a lot of public posturing going on and one of the reasons why is when boehner and the president met privately and were negotiating privately last summer over the debt ceiling they ultimately were not able to produce a deal that boehner felt he could sell to his caucus so you see a lot more of an outside game played here, going directly to voters, campaign-style events by the president trying to drum up support for his side of it so he can blame republicans if things go bad and i think that's what he's preparing to do. >> david, thank you so much. we look forward to "meet the press" today. you can watch "meet the press" later this morning at 10:00 a.m. right here on wbal-tv following 11 news at 9:00 a.m. >> two area families joined forces to help victims of superstorm sandy celebrate the holidays. yesterday they collected donations and stuff a truck full of toys. we first introduced you to sadey and tyler on 11 news last week. both attend school at st. kaz mer's and when they learned of the situation, they teamed up. >> hundreds of christmas trees in the homes of fa
>> i think there's a lot of public posturing going on and one of the reasons why is when boehner and the president met privately and were negotiating privately last summer over the debt ceiling they ultimately were not able to produce a deal that boehner felt he could sell to his caucus so you see a lot more of an outside game played here, going directly to voters, campaign-style events by the president trying to drum up support for his side of it so he can blame republicans if things go...
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it was disheartening to hear john boehner come out yesterday and say we are nowhere near any sort of progress or any sort of outcome. >> we have been talking. >> clayton: we have been having lunch, haven't been talking to the other side. and look we have the countdown clock, 23 days. and republicans are basically saying, look, the president doesn't want to do this, doesn't want to have an agreement. the president though is saying, look, we can get this done. let's listen to the president first. >> when all of this, bypassing a law that prevents a tax like on the first $250,000 of everybody's income, that means 90% of americans and 97% of small businesses wouldn't see their income taxes go up by a single dime and even the wealthiest americans would get a tax cut on the first $250 of their income and families everywhere would enjoy some peace of mind. >> see, the thing is here, republicans think that the president doesn't want to do anything. at the end of the day, if the president dogs nothing, the bush tax cuts expire. by negotiating. it's almost he has less of a chance by not doing
it was disheartening to hear john boehner come out yesterday and say we are nowhere near any sort of progress or any sort of outcome. >> we have been talking. >> clayton: we have been having lunch, haven't been talking to the other side. and look we have the countdown clock, 23 days. and republicans are basically saying, look, the president doesn't want to do this, doesn't want to have an agreement. the president though is saying, look, we can get this done. let's listen to the...